date:Apr 09, 2019
Tradin Organic, a subsidiary of global organic food company SunOpta, has signed a definitive agreement to acquire the shares of Dutch-based Sanmark B.V. in a bid to bolster its global oil offerings and expand its ability to source organic raw materials. The transaction is valued at 3 million (US$3.4 million) on a debt-free basis and Toronto-based SunOpta financed it through existing credit facilities, according to reports. According to Mark Bolier, President of Sanmark, the deal comes at a time